Removal of my name off a mortgage loan for property awarded my ex?
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Divorced in 2005, my x was awarded home & all encumbrances but she didnt refinance or assume the mortgage. 2 years later she quit paying the mortgage, we went to court & I'm awarded control over paying & deducting that amount from her maintenance & the judge forced sale of the home. The home isnt selling & soon my financial obligations to her will be paid so not only will I not owe her money, I will be stuck on the mortgage that she is trying to foreclose on. The judge cant force my name off the mortgage so I'm in a bad spot. now my x has an attorney & they are trying to extend the terms of the mortgage loan out another 20 years, leaving me on the hook forever. the home is forced to be sold but my X is doing all she can to make it a non-salable home. not only that but her attorney is trying to turn around the judgment awarding me control of paying that loan & deducting it from my X, they are trying to destroy me & leave me responsible for a home awarded my X.. HELP!!!!
Removal of my name off a mortgage loan for property awarded my ex?All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower<!--and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
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First, there are two main broad categories of mortgage loans: government loans (FHA, VA, and RHS, or Rural Housing Service loans) and conventional loans (all other loans). In general, government loans have low or no down payment requirements for the purchaser-->and are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.
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